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- Dictionaryremittance/rɪˈmɪt(ə)ns/
noun
- 1. a sum of money sent in payment or as a gift: "complete your booking form and send it together with your remittance" Similar
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noun
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A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flow... Wikipedia